Oops! We could not locate your form.Click to close
Adjust Font Size:
BANTING, 16 May 2017:
Linde Malaysia Sdn Bhd, a unit of German-based Linde Group, may invest about RM2 billion in Malaysia under the company’s proposed five-year plan, said its Asia Pacific chief operating officer Sanjiv Lamba.
“We aspire to invest even more and might reach the RM2 billion mark, if the opportunity presents themselves as our investments are linked to the investments of our customers.
“As our customers put investments on the ground, we will invest to support their growth,” he told reporters at the launch of the company’s plant here today.
“It (the investments) will depend on us securing customers projects in the country with the national oil and gas company, Petronas and some large chemical companies.”
As the market leader in Malaysia with a 50-year presence in the country, Lamba said Linde had an established track record of continued investments and of bringing the latest technology to Malaysia.
“In the past two years alone, Linde had invested over RM1 billion to further strengthen our leadership in the industrial gas industry and to support our customers in their growth plans, while delivering sustainable and profitable growth for our shareholders.
“We have solid plans for Linde Malaysia…across Malaysia we are continuing to invest in electronics supporting areas such as Kulim in the north.
“We are in the process of signing new contracts with a large electronics company, which is progressing with its information and communications technology growth agenda and we see that as a growth opportunity.
“We see chemicals and refining as agents of growth. We are working with Petronas and its subsidiaries, and we are also pleased that we have recently started a new plant in Gebeng for one of the largest German chemical companies in the world.”
Lamba said the expansion plans of its customers in Malaysia would drive Linde Malaysia and it would ensure these projects materialise.
Meanwhile, the company’s automated cylinder filling plant launch in Banting was officiated by Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.
The RM54 million state-of-the art facility incorporates the latest in cylinder filling technology and innovation, industry leading safety features and environment-friendly best practices.
With a maximum filling capacity of 5,800 cylinders per day and two million cylinders per year, the plant is the first modular automated cylinder filling plant in Malaysia and Linde Group’s first in the South Asia and Asean region.
Lamba said this latest key milestone reaffirmed Linde’s position as a long-term investor in Malaysia and as the leading industrial air and medical gases supplier.
The modular design of the cylinder filling plant allowed for expansion of capacity to meet the future needs of the market, he said, adding that the plant was fully commissioned in the first quarter of 2017.
“We aspire to achieve €200 million (in sales) per annum with a growth rate of 4-5% annually. And with our investments in the Pengerang Integrated Petroleum Complex, there will be a huge addition of 30% growth.”
Commenting on Malaysia’s selection for the plant location, Lamba said Malaysia had a much more mature customer base market compared to other Asian neighbours.
“That is a good proposition to set up the plant here to serve high maturity customers, but also as a Centre of Excellence so that we can take the technology we develop to other parts of Asean.”
He said Linde had a presence in 17 countries in Asia Pacific and Malaysia was among its top four investment countries in Asia.